Refer to the information provided in Figure 8.4 below to answer the question(s) that follow. 
Figure 8.4 Refer to Figure 8.4. If six microwave ovens are produced, Micro Oven's average total costs are
A. $100.
B. $150.
C. $300.
D. indeterminate from this information.
Answer: A
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The more firms that pay efficiency wages, the
A) more likely the economy will get stuck in a recessionary gap. B) less likely the economy will get stuck in a recessionary gap. C) more likely the economy will get stuck in an inflationary gap. D) more likely (over time) the economy will produce Natural Real GDP. E) b and c
Which of the following would most likely tell an economist if a policy is efficient?
a. positive analysis b. normative analysis c. subjective analysis d. correlation analysis
If someone asked you to predict the price of gas in a month, and you decided to just guess by adding a few cents to the current price of gas, which you know, your answer would exhibit:
A. rational expectations. B. time inconsistency. C. anchoring. D. transitivity.
Given a set amount of money, goods A and B both give the same marginal utility at current levels of consumption but good A costs twice as much as good B. You should:
A. realize that you don't have enough information to answer the question. B. consume more of good B and less of good A. C. consume more of good A and less of good B. D. keep consuming the current amounts of both good A and good B.